File Code: Income
- Sponsored By:
-
Delegates Ports, Stocksdale, Schade, Jacobs, Beck, and Elliott
- Entitled:
-
School Tuition Organizations and Public School Activities - State
Income Tax Credit
Allowing a credit against the State income tax for contributions up to
$500 in a taxable year to a school tuition organization, as defined;
allowing a credit against the State income tax for up to $200 in
amounts paid or contributions made to a public school in the State for
school activities; providing for the carryforward of unused credits;
defining terms; providing for a reduction of itemized deductions if
specified credits are claimed; applying the Act to tax years after
1997; etc.
House Action
- 2/13
- First Reading Ways and Means
- 2/25
- Hearing 3/12 at 1:00 p.m.
- 3/18
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate James F. Ports, Jr., District 8
- Delegate Raymond Beck, District 39
- Delegate Donald B. Elliott, District 4B
- Delegate Nancy Jacobs, District 34
- Delegate Victoria L. Schade, District 31
- Delegate Nancy Reter Stocksdale, District 5
- Bill indexed under the following Subjects:
- EXEMPTIONS
- GIFTS
- INCOME TAX
- NONPROFIT ORGANIZATIONS
- PRIVATE SCHOOLS
- PUBLIC SCHOOLS
- SCHOLARSHIPS
- TAX CREDITS -see also- CIRCUIT BREAKER
- TUITION
- Bill affects the following Statutes:
- Tax - General
- (
10-218 ,
10-709 ,
10-710
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
